Even Rihanna isn't pandemic-proof. LVMH, the luxury goods company that backed her Fenty fashion label, is putting Rihanna on the back burner for now after sales got off to a slow start and then slowed down even more once the pandemic hit. Officially, billionaire Bernard Arnault's luxury goods conglomerate is putting a hold on Rihanna and Fenty, but not canceling her altogether. The venture between LVMH and Rihanna was launched in 2019.
The Fenty fashion label didn't have the same level of success as the Fenty cosmetics line Rihanna and LVMH launched together in 2017. With an impressive following of 91 million on Instagram and 102 million on Twitter, Rihanna was able to publicize her makeup line effectively, giving it enormous exposure. Fenty cosmetics gained a significant boost by being one of the only brands on the market to offer a wide range of skin tones, catering to a diverse audience.
What Rihanna does differently from other makeup lines is the extensive range of skin tones available. Fenty sells 40 different shades of foundation, while other brands typically offer only a handful. In its first two months, the brand generated an astounding $100 million in revenue, with $570 million in sales by 2018. She holds a 15% stake in the partnership, and Fenty Beauty has recently launched a successful skincare line. The brand is sold at Sephora, which is also owned by LVMH, as well as on its own website, with each release selling out quickly.
Rihanna's Rise in the Fashion World
In May 2019, Rihanna announced another partnership with LVMH, introducing Fenty, a fashion line that launched as a pop-up store in Paris on May 22, 2019, and went global online on May 29, 2019. Fenty offers high-end clothing, footwear, jewelry, and accessories, and it made history as Rihanna became the first woman and the first person of color to launch a new brand with the luxury fashion group. It is also the first fashion brand that LVMH has introduced since 1987.
However, Fenty's fashion line faced challenges in competing with other well-established names in LVMH's portfolio. LVMH owns prestigious brands like Louis Vuitton, Celine, and Christian Dior, known for their high-end handbags and accessories. In contrast, new brands like Fenty lack the historical cachet that enables older luxury brands to convince customers to invest thousands of dollars in their products.
Future Prospects and Inclusive Fashion
Despite the challenges, LVMH and its billionaire CEO Bernard Arnault still value their partnership with Rihanna. Recently, LVMH acquired a stake in Savage X Fenty, the lingerie brand Rihanna launched in 2018 with TechStyle Fashion Group. Rihanna aims for inclusivity in her lingerie line, just as she did with her cosmetics. Savage X Fenty offers a variety of colors and sizes that go beyond the standard size range, showcasing plus-sized and transgender models in her campaigns.
Rihanna's commitment to diversity and representation resonates with her fans, who appreciate her efforts to make fashion accessible to all. LVMH's investment in Savage X Fenty reflects their dedication to working with Rihanna, ensuring that her vision of inclusivity in fashion continues to thrive.
Table of Contents
| Detail | Information |
|---|---|
| Name | Rihanna |
| Birth Date | February 20, 1988 |
| Nationality | Barbadian |
| Known For | Singer, Fashion Designer, Entrepreneur |
| Brands | Fenty Beauty, Fenty Fashion, Savage X Fenty |
